The AGE refinery is a low-cost 14,500 barrel per day refinery based on the South Side of San Antonio, which has been operating near capacity since the 9mMarch completion of a seven-bay truck loading rack.
The acquisition also includes a 200,000-barrel terminal in Elmendorf, Texas.
The refinery purchases and processes crude oils and condensates from across South Texas, including the rapidly developing Eagle Ford Shale.
It produces and sells various products, including jet fuels, ultra-low sulfur diesel (ULSD), naphtha, reformates, liquefied petroleum gas (LPG), specialty solvents and other highly specialized fuels, to commercial and retail customers and the US military.
NuStar received clearance from the bankruptcy court to proceed with the purchase, and the company expects to close on the acquisition soon.
